Filed under: International markets, Other issues, Consumer experience, China, Economic data, Commodities, OilHere's the good news: China announced Thursday that its economy grew at an annual rate of 11% in Q1.Here's the bad News: China announced Thursday that its economy grew at an annual rate of 11% in Q1.To be sure, the latest macroeconomic statistics from China represent a bittersweet picture. On the one hand, there are the obvious positives: -The emergence of China as an economic engine capable of adding substantially (if not driving) Asia hemisphere growth, propelling development and rising per capita incomes throughout Asia. -The expansion of the middle class in China and throughout Asia, creating millions of self-reliant, new citizens who achieve life goals their parents only dreamed about-The return of a tri-polar global ...